11_04_2022-bi_9055393

Ukraine has banned all imports from Russia after being one of Russia’s major trading partners before the war. Ukraine imports about $6 billion annually from Russia. Ukraine has called on other countries to abide by and enforce tough economic sanctions against Moscow, as it announced a ban on all imports from Russia.

“Today we have officially announced the complete closure of trade in goods with the invading state,” Ukrainian Minister Yulia Siviridenko wrote on her Facebook page. From now on, no products of the Russian Federation can be imported into our country.

The exchange of goods and services between the two neighboring countries has been almost unequal since the start of Russia’s invasion of Ukraine on 24 February.

“The enemy’s budget will not receive these funds, which will reduce its ability to finance the war,” said Yulia Sveridenko, adding that such a move by Ukraine could serve as an example to our Western allies and it could be its could lead to stronger sanctions against Russia, including imposing energy sanctions and closing all Russian banks.”

Ukrainian President Volodymyr Zelensky has repeatedly called for a boycott of Russian oil imports and other exports from the West. However, the United States and its allies have imposed a number of sanctions on Russia, which has already isolated Moscow.

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